As of 2026-03-19, the Relative Valuation of Electrovaya Inc (ELVA.TO) is 2.72 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 11.34 CAD, the upside of Electrovaya Inc based on Relative Valuation is -76.0%.
The range of the Relative Valuation is 1.90 - 3.76 CAD.
| Range | Selected | |
| Trailing P/E multiples | 22.9x - 27.2x | 25.0x |
| Forward P/E multiples | 20.0x - 21.8x | 20.9x |
| Fair Price | 1.90 - 3.76 | 2.72 |
| Upside | -83.2% - -66.9% | -76.0% |
| Date | P/E |
| 2026-03-18 | 104.46 |
| 2026-03-17 | 112.81 |
| 2026-03-16 | 112.41 |
| 2026-03-13 | 108.34 |
| 2026-03-12 | 117.09 |
| 2026-03-11 | 115.40 |
| 2026-03-10 | 110.13 |
| 2026-03-09 | 104.36 |
| 2026-03-06 | 105.45 |
| 2026-03-05 | 105.65 |
| 2026-03-04 | 110.32 |
| 2026-03-03 | 99.58 |
| 2026-03-02 | 105.45 |
| 2026-02-27 | 102.17 |
| 2026-02-26 | 105.55 |
| 2026-02-25 | 104.46 |
| 2026-02-24 | 108.53 |
| 2026-02-23 | 99.78 |
| 2026-02-20 | 104.36 |
| 2026-02-19 | 109.43 |
| 2026-02-18 | 111.32 |
| 2026-02-17 | 105.95 |
| 2026-02-13 | 104.55 |
| 2026-02-12 | 117.98 |
| 2026-02-11 | 125.15 |
| 2026-02-10 | 122.16 |
| 2026-02-09 | 126.34 |
| 2026-02-06 | 119.88 |
| 2026-02-05 | 111.52 |
| 2026-02-04 | 124.95 |
| 2026-02-03 | 151.71 |
| 2026-02-02 | 152.60 |
| 2026-01-30 | 145.34 |
| 2026-01-29 | 141.06 |
| 2026-01-28 | 143.35 |
| 2026-01-27 | 146.93 |
| 2026-01-26 | 141.46 |
| 2026-01-23 | 149.92 |
| 2026-01-22 | 151.71 |
| 2026-01-21 | 147.03 |
| 2026-01-20 | 145.14 |
| 2026-01-19 | 141.36 |
| 2026-01-16 | 136.09 |
| 2026-01-15 | 125.05 |
| 2026-01-14 | 119.78 |
| 2026-01-13 | 117.39 |
| 2026-01-12 | 123.56 |
| 2026-01-09 | 122.36 |
| 2026-01-08 | 119.68 |
| 2026-01-07 | 119.48 |